will people pull money out of gold

Quote from maxitronixy:

im still leary of touching gold, im scared their's a rebound in the dollar coming, it can't go up and up without a dip right? even if it's a relatively shallow dip.

besides if the carry trade and the stock bubble bursts


my question is will people pull money out of gold? ( consider the short term)
More...

Since no one has the foggiest, all you are going to compile is a bunch of random guesses. If the economists don't know, what are anonymous posters going to say.

You buy some, and it goes up or down. If it goes up, you think u r a genius. If it goes down, u kick yourself.

Gold makes sense as a small part of your overall assets. Try to dollar-cost average (you buy the same dollar amount of something each time - when gold higher you get less, when gold lower, you get more). that tends to push down the average price of whatever you accumulate.
 
Quote from Ivanovich:

the lunatics I've seen at Kitco, Goldismoney, and other websites will never sell their gold. They are the ones who will sit in their bomb shelters counting the coins/bars over and over again in some nightmarish rendition of Scrooge in A Christmas Carol.

Who knows, for giggles they might even yell out once in a while: "Cratchit!"
More...

It's a religion, I agree. I think that's because it has both moral (anti government, anti central banks, etc...) as investment appeal to it.

Very few other assets do that.

You own real estate because you like to do the plumbing there?
You own bankstocks...because you love Wall Street?
You own oil because you want to pay more to fill up your car?
 
short term, anybody'guess, opinions on the long term?


it seems china , even india and other central banks are putting money where their mouth is.


so i just buy on the major dips and accumalte?
 
Gold is the best long term invstment for the next 10 years. It's the only thing worth buying and holding if trading makes you nervous.

We have a long way to go before the dollar stabilizes. A really long way to go.
 
Stop trying to put yourself in front of a speeding train, hoping you'll pick the exact moment and point where the train stops.

Just get on the train, stand near the exit (in case you need to jump off right away) and use smaller-than-normal positions with tight stops.

It's free Fed money.
 
Oh, I agree 100%. But if you recall back then, there were all these "Oil top at $70!" and then every $10 increment from that point on. People tried shorting it, blew up, tried again, blah blah...wasn't until oil at the high $140's did it finally exhaust itself.

Same here. Stop trying to short it until it turns.
 
You must log in or register to reply here.
Back
Top